This is Entrepreneurs the Playbook, where each week I bring you some of the greatest athletes, celebrities, and entrepreneurs to talk about their personal and professional playbook to success.

Why is timing and risk tolerance so important in all investments?

And think about investments not just money.

Going to school is an investment.

Getting married is an investment.

These are investments. And you need to know your timing and risk tolerance.

And the risk side of it's important because it's okay to be disappointed in your investment.

You get divorced or the business goes out of business or you didn't win the lottery.

That's okay and it's okay to be disappointed.

As long as it all aligned with your timing and risk tolerance, two things will not

occur that are the most damaging things.

One, in resentment.

Two is guilt.

So if you don't have time in wrist-on's, you're fighting resentment and guilt all the time. I should have did this.

What if I did this? I should have sold it this. I would have bought it this.

I should have never married that

but none of that happens you could be disappointed that you didn't win the

lottery but if you knew it's a one and a billion chance or one one and a

billion chance to win a half a billion dollars on a Saturday at 8 o'clock

you're going to find out and it costs two dollars of your risk.

When you lose your two dollars you're disappointed, but you're not resentful and guilty that you screwed up

some way. You didn't screw up as long as you knew your timing and risk

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